All Forum Posts by: Ashleigh Medina

Hi! Welcome to investing! There are a lot of great options out there for beginners such as house hacking that give you the opportunity to purchase an investment home while also purchasing a home for you to live in! This forum is a great way to connect with other people that are in the same boat as you, as well as agents and other people in the industry that can help you on your journey! Good luck! 

Hi! It is such an exciting time to be looking for your first investment opportunity! A house hack is the perfect way to start your investment. I have worked with a few clients here in San Antonio that have done the same. A duplex is a great place to start because there is less maintenance involved having 2 units versus having more. Good luck!

Hello! When I start looking into properties for my clients on a potential STR property, I start with AirDNA. They have a paid service which gives you more accurate info on the specific property you are looking at but you can find most of what you need with the free service! If everything looks good there, I check our city website for any zoning issues, flood zones, etc. (In San Antonio its our OneStop map). If everything looks good there I move on to comps and things like that to help determine if the price is right. STRs can be kind of tricky to pinpoint but it just takes a lot of repetitive searching. Good luck!

Hi! House hacking sounds like a perfect thing for your situation! I know that has been mentioned above but it would help you start your portfolio while also giving yourself a space with a yard for your pets. I would start with something more manageable such as a duplex. I have worked with a couple clients here in San Antonio, Texas doing the same thing. Best of luck!

Hi! I think the best way to go about this would be to run a comprehensive background check that shows if they have any missed payments and things like that. If their credit report comes back ok that would probably be the best thing to base it on. I know our property management company in San Antonio does something like this. Good luck!

Out of state investing can be a great way to find a deal in smaller markets! A lot of times you can find builders offering incentives that will not only be a lower purchasing cost, but will cost you less in the fees associated with closing. We have a few builders in San Antonio that are closer to the price range you are looking in (mid to high 100s) that fit the bill. Anything that you find pre-existing, at least in our market, is definitely going to require a lot of work so just keep that in mind. Good luck!

I know it was said up top but yes getting a job in the business would be a great start! Property management in particular because you would be able to get insight into what exactly goes in to being an owner of an investment property when you are "house hacking". It is really great to start looking into your options now because it will set you up for so much success in the future! I have a client who has done this and it on his way to buying his second property! Definitely stay on Bigger Pockets, listen to the podcasts and just soak in all of the info now that you can! Good luck and happy investing! 

Hi!

This budget does make it seem like you would need to probably lean more towards a "fixer upper" but you could also look into builders in your area! We have a few out here in San Antonio that still offer a few options below $200k. Good luck!

Hi! I am not as familiar with those markets but I know in San Antonio we have quite a few builders, Lennar in particular, who have quite a few homes in this price range. They are new construction so they provide less of a headache when it comes to repairs. I would look into builders in the areas that you are interested in investing and see what kind of incentives they are offering! Most are helping with closing costs and buying down rates. Good luck in your investment journey!

Hi! It is so exciting to be taking the first step in your investment journey! In my experience, taking on either a small new construction property or a duplex is the best way to start. I have had a couple of clients here in San Antonio that have found a lot of success in these areas. I know someone mentioned house hacking. That is also a really great option, particularly if you can live in one side of a duplex and rent the other! Good luck!